Industrial Batteries Market – Global Forecast to 2029
The industrial batteries market is projected to grow from USD 21.2 billion in 2024 to USD 34.7 billion by 2029, at a CAGR of 10.3 % during the forecast period.
産業用電池市場は、2024年の212億米ドルから2029年までに347億米ドルに、予測期間中に10.3%のCAGRで成長すると予測されています。
The market for industrial batteries is anticipated to expand at a modest rate due to factors including the growing use of lithium-ion batteries in the renewable energy sector and the continuous modernization of the grid, which is driving up demand for grid energy storage systems. The market expansion for industrial batteries is being hampered by the availability of inexpensive alternatives as well as problems with the storage and transportation of spent or used batteries.
The report provides insights on the following pointers:
- Analysis of key drivers (increasing demand for grid energy storage systems owing to ongoing grid modernization, and rising adoption of lithium-ion batteries in renewable energy sector), restraints (availability of low cost substitutes, and issues related to transportation and storage of used or spent batteries), opportunities (advancement in telecommunication sector, and increasing battery innovation initiatives by established players), and challenges (limited usage and overheating issues of industrial batteries, and disruptions in supply chain due to Covid-19 pandemic) influencing the growth of the Industrial batteries Market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the Industrial batteries Market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the Industrial batteries Market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the Industrial batteries Market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Enersys (US), C&D Technologies, Inc. (US), GS Yuasa International Ltd. (Japan), Exide Industries Ltd. (India), Leoch International Technology Limited Inc (China) and others in the Industrial batteries Market.